Independent Chartered Surveyors
& Commercial Property Agency
Regulated by RICS
14/05/2014 14:20

Commercial Rent Arrears Recovery (CRAR), which came into effect in April, has drastically altered the way that landlords of commercial premises are permitted to deal with rent arrears.

 
The new regulations have abolished the ancient right of distress, whereby landlords were able to recover rent arrears by seizing tenant’s assets without prior warning and a court order. In principle, CRAR is a positive step to redressing the balance between tenants and landlords by ensuring that tenants are treated fairly across the board.

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